With the first month of 2022 coming to an end, we have prepared a Top 5 list of companies, the shares of which have demonstrated the most prominent growth. On the January list: Zynga Inc., Digital World Acquisition Corp., Kohl's Corp., Centennial Resource Development Inc., and Allegheny Technologies Incorporated.

Selection criteria

  • Companies are registered in the US
  • The companies are registered in the US
  • Their stocks are trading on the NYSE and NASDAQ
  • The shares cost over $2
  • The companies are not trusts
  • Their market capitalisation is over $2 billion
  • Their average trading volume over the last 30 days is more than 750,000 shares

The growth was calculated as the difference of the closing prices on 31 December 2021 and 24 January 2022, in percent.

1. Zynga - 39.5%

Zynga is an American mobile games developer. It was founded in 2007. The head office is in San Francisco, California. The company became public in 2011.

In January 2022, the share price of Zynga Inc. (NASDAQ: ZNGA) grew 39.5% from $6.4 to $8.93. The main factor for this growth was the news about the contract with Take-Two Interactive Software Inc. (NASDAQ: TTWO).

On 10 January 2022, the developer of popular games, such as Grand Theft Auto and Civilization, announced the acquisition of Zynga for $12.7 billion. Consequently, on that day, the stock prices of the mobile game developer leaped up 40.67% to $8.44.

Zynga shares now remain in the same range, aiming at the highs of last year.

Share price chart of Zynga
Past performance is not a reliable indicator of future results or future performance.

2. Digital World Acquisition - 30.7%

Digital World Acquisition is a Special Purpose Acquisition Company (SPAC) that was specifically formed for an upcoming merger and was therefore registered in 2020. It is based in Miami, Florida. The company carried out an IPO in October 2021.

At the end of 2021, it was announced that Trump Media & Technology Group, belonging to the former US President Donald Trump, was planning to enter the market by acquiring Digital World Acquisition.

This news had a positive impact on the shares of Digital World Acquisition Corp. (NASDAQ: DWAC): On 21 and 22 October 2021, the company stock skyrocketed 845.8% from $9.96 to $94.2.

Then the shares started falling, never to reach that high again. However, over January 2022 they managed to go up 30.7% to $67.21.

Share price chart of Digital World Acquisition
Past performance is not a reliable indicator of future results or future performance.

3. Kohl's - 28.5%

Kohl's was founded in 1962. It's an American department store retail chain, comprising 1,100 stores in 49 states, operated by Kohl's Corporation. The head office is in Menomonee Falls, Wisconsin.

According to Reuters, Sycamore Partners and Acacia Research are interested in acquiring Kohl's chain. Both companies have offered $9 billion. On 24 January 2022, this news sent the shares of Kohl's Corp. (NYSE: KSS) up 36.02% to $63.71.

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As a result, Kohl's share price saw an increase of 28.5% in January.

Share price chart of Kohl's
Past performance is not a reliable indicator of future results or future performance.

4. Centennial Resource Development - 25.9%

Centennial Resource Development is an American oil company founded in 2014. Its head office is in Denver, Colorado.

The rising oil prices have had a tremendously good impact on Centennial Resource Development Inc. (NASDAQ: CDEV). In 2021, the shares of the oil company skyrocketed 299%.

Analysts forecast Centennial Resource Development can earn $1.26 billion this year by selling oil and gas at the current prices. In January 2022, its shares saw a 25.9% increase, reaching $7.53 each, and they keep growing.

Share price chart of Allegheny Technologies
Past performance is not a reliable indicator of future results or future performance.

5. Allegheny Technologies - 24.5%

This American metallurgic company was founded in 1996. Its key markets are the aerospace and defence industries, and energy, healthcare, and consumer electronics.

Over the first month of 2022, the shares of Allegheny Technologies Incorporated (NYSE: ATI) grew 24.5% from $15.93 to $19.83. This growth was fueled by the optimism of many Wall Street analysts who are looking forward to the 2021 results.

The annual report of Allegheny Technologies will be presented on 2 February 2022. Experts forecast the sales in the company last year to reach $2.77 billion.

Moreover, the company has announced a virtual Investor Day, which is planned for 17 February 2022. The subjects of discussion during the event are the company's strategy, market extension, and long-term financial perspectives.

Share price chart of Centennial Resource Development
Past performance is not a reliable indicator of future results or future performance.

What affected the growth of the share price in January?

In the first month of 2022, the most prominent stock growth was demonstrated by Zynga Inc., Digital World Acquisition Corp., Kohl's Corp., Centennial Resource Development Inc., and Allegheny Technologies Incorporated.

The growth of the first three companies – Zynga, Digital World Acquisition, and Kohl's – was fueled by the news about upcoming or possible profitable contracts with larger companies.

As for Centennial Resource Development and Allegheny Technologies, the growth is attributed to the good forecasts of analysts for the upcoming year.

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This material and the information contained therein are for informational purposes only and should in no way be construed as providing investment advice for the purposes of the Investment Companies Act 87 (I) 2017 of the Republic of Cyprus, or any other form of personal advice or recommendation relating to certain types of transactions in certain types of financial instruments.